Vident Advisory LLC Increases Stock Position in CAE Inc. (NYSE:CAE)

Vident Advisory LLC lifted its position in shares of CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 34.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 374,393 shares of the aerospace company's stock after acquiring an additional 95,905 shares during the period. Vident Advisory LLC owned approximately 0.12% of CAE worth $9,502,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in shares of CAE by 3.7% during the fourth quarter. JPMorgan Chase & Co. now owns 1,172,533 shares of the aerospace company's stock valued at $29,759,000 after acquiring an additional 42,325 shares in the last quarter. Raymond James Financial Inc. bought a new stake in CAE in the 4th quarter worth approximately $4,746,000. Norges Bank bought a new stake in CAE in the 4th quarter worth approximately $98,436,000. Plato Investment Management Ltd bought a new stake in CAE in the 4th quarter worth approximately $846,000. Finally, Intact Investment Management Inc. bought a new stake in CAE in the 4th quarter worth approximately $13,763,000. Institutional investors own 67.36% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on CAE shares. National Bank Financial raised shares of CAE from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 6th. Scotiabank raised shares of CAE from a "sector perform" rating to a "sector outperform" rating in a research report on Thursday, May 15th. Royal Bank of Canada downgraded shares of CAE from an "outperform" rating to a "sector perform" rating and cut their target price for the stock from $41.00 to $38.00 in a research report on Wednesday. The Goldman Sachs Group boosted their price objective on shares of CAE from $28.00 to $32.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Finally, BMO Capital Markets reissued an "outperform" rating on shares of CAE in a research report on Wednesday, May 14th. Seven research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, CAE has an average rating of "Moderate Buy" and an average target price of $32.33.

CAE Stock Performance

Shares of CAE stock traded up $0.12 during mid-day trading on Friday, reaching $25.03. 366,952 shares of the company's stock traded hands, compared to its average volume of 563,002. CAE Inc. has a 12 month low of $15.95 and a 12 month high of $27.62. The firm has a 50 day moving average price of $24.33 and a two-hundred day moving average price of $23.97. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.63 and a current ratio of 0.86. The firm has a market capitalization of $8.02 billion, a PE ratio of -48.13, a price-to-earnings-growth ratio of 1.94 and a beta of 1.26.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last issued its earnings results on Tuesday, May 13th. The aerospace company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.01. The company had revenue of $886.20 million during the quarter, compared to the consensus estimate of $1.30 billion. CAE had a negative net margin of 4.96% and a positive return on equity of 6.11%. CAE's quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.37 EPS. On average, research analysts forecast that CAE Inc. will post 0.83 EPS for the current year.

CAE Company Profile

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, the Oceania, Africa, and Rest of the Americas. It operates through two segments, Civil Aviation; and Defense and Security. The Civil Aviation segment offers training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; a range of flight simulation training devices; and ab initio pilot training and crew sourcing services, as well as aircraft flight operations solutions.